Asean banks face climate pressureThis file photo, dated Nov 26, 2025, shows a flooded street in Hat Yai district, affected by heavy rainfall that impacted several provinces in southern Thailand. As the Asean Central Bank Governors' meetings kick off in Manila, April 7-10, climate concerns must be addressed. Only central banks can disqualify fossil-fuel assets as collateral and set rates that buffer climate risks. So far, none of the Asean central banks has undertaken efforts to restrict investment in fossil fuel companies. Beyond incentives and penalties, central banks' core work must account for the spiralling costs of climate-related events and their impacts on economic stability by undertaking climate stress testing.

Source: Bangkok Post April 08, 2026 06:10 UTC